Walrus (WAL) Price Prediction 2026-2030: Supply and Unlocks

Walrus (WAL) has 1.97 billion tokens still to unlock between its mid-October 2026 close of $0.03844 and the end of 2030, enough to grow its circulating supply by 75%. Our Walrus price prediction for the Sui storage token sets the 2026 base case at $0.043-$0.088 and the 2030 base case at $0.087-$0.16.

That supply arrives on a fixed monthly calendar. About 53.5 million WAL enter circulation each month, 2.05% of the mid-October float, and that pace runs until March 2029. If WAL's mid-October market value of $100.6 million simply held, the end-2030 count would price each token at $0.02192, 7% above the August 2026 low.

Walrus (WAL) Price Prediction at a Glance

What Is Walrus?

Walrus is a decentralized data-storage protocol that Mysten Labs built on Sui, and WAL is the token that pays for the storage. Holders stake WAL to the nodes that keep the data, and the nodes vote on the network's penalty levels in proportion to their stake.

Phemex Academy's explainer, What Is Walrus (WAL)? Decentralized Storage Token on Sui, covers how the network stores data. Walrus settles its payments and staking on Sui, the Layer 1 blockchain focused on scalability that Mysten Labs also built.

What Is the Walrus Token Unlock Schedule?

The Walrus token unlock schedule releases WAL every month until March 2033. Between the mid-October close and the end of 2030 it adds 1.97 billion tokens to the 2.617 billion in circulation, taking the count to 4.589 billion, or 91.79% of the 5 billion WAL ever minted.

The Walrus Foundation's WAL allocation, as archived in May 2025, splits the 5 billion six ways. The community reserve holds 43% and releases in a straight line to March 2033.

Early contributors hold 20% on four-year vesting with a one-year cliff, and Mysten Labs' 10% vests monthly until March 2030. Subsidies release 10% over 50 months, and the 10% user drop and the investors' 7% are already fully unlocked.

The contributors' cliff and the investors' tranche landed together in March 2026, adding 632.7 million WAL in one step and lifting the monthly release from 32.7 million to 53.5 million. Phemex's guide to crypto vesting and cliffs explains how a cliff holds back tokens before a vesting schedule starts.

Burns barely dent that flow. The Sui chain shows 118,207 WAL burned out of the original 5 billion, equal to 0.22% of one month's release.

Method: we step each tranche of the archived allocation monthly from the 1.25 billion WAL launch float and value the supply at CoinMarketCap's daily close. CoinMarketCap's circulating count has matched that schedule to within one WAL at every monthly step since launch.

What Does WAL's Price History Show?

WAL set its record close of $0.7308 on 14 May 2025 on CoinMarketCap, seven weeks after it began trading, and the mid-October close stands 94.74% below it. The intraday record depends on the feed. CoinMarketCap puts it at $0.8742 on listing day in March 2025, while CoinGecko records $0.7592 in May 2025.

From there the chart is one long decline. WAL lost 35.92% in a single day during the October 2025 crash, then set lower closing highs of $0.1591 on 16 January 2026 and $0.08727 on 11 May 2026.

WAL's lowest close came on 17 August 2026 at $0.02048, three days after an intraday low of $0.02006. WAL then climbed 87.65% to the mid-October close, its highest finish since early June 2026. It's still down 67.68% from the last close of 2025 and 84.53% from a year earlier.

The mid-October day added 9.62% on volume of $12.52 million, 1.63 times the average of the previous 30 days. The Walrus Foundation's blog posted nothing between its early-October launch of Walrus Console and that day, so the move has no dated cause in Walrus's own record.

WAL Technical Analysis

Moving Averages

The 200-day average stood at $0.04372 at the mid-October close, 13.72% above the price. None of the 367 WAL daily closes with a 200-day average behind it has finished above that line, and the mid-October close came nearer than any of them.

At $0.03068 the 50-day average was 20.19% under the close. It has stayed below the 200-day for WAL's whole record, so the token has never printed a golden cross. Phemex's guide to trading with moving averages shows how traders read the two lines together.

RSI and MACD

The 14-day RSI closed the mid-October day at 59.59, above the midline and short of the 70 level many traders treat as overbought. MACD has stayed below its signal line since late September 2026, so momentum had not confirmed the rise by mid-October.

Phemex's explainer on trading with the RSI indicator covers the overbought and oversold lines you'll see on a WAL chart.

Support and Resistance

The first ceiling above the price is $0.03935, the 4 June 2026 close, and the 200-day average at $0.04372 comes next. Above both, the May 2026 high of $0.08727 marks the top of the 2026 base case.

On a pullback the first support you meet is the 50-day average near $0.0307, with the August 2026 low of $0.02048 below it.

Walrus Price Prediction 2026

WAL's 2026 outlook comes down to one line on the chart. The base case needs the first close above the 200-day average in the token's history.

In this Walrus crypto price prediction, every bound is a close WAL has printed or its 200-day average. The August 2026 low and the 200-day frame the bear range, the 200-day and the May 2026 high frame the base, and the bull range climbs from that high to the January 2026 high.

The supply keeps moving under those prices. By the end of 2026 the count reaches 2.724 billion WAL, so even the bottom of the base case asks for a market value of about $119 million, 18% more than in mid-October.

We lean toward the bear range for the rest of 2026 until WAL closes above $0.04372, because no rally in its record has managed that yet.

WAL Price Prediction 2027

Our Walrus coin price prediction for 2027 puts the base case at $0.03843-$0.08728, from the mid-October close to the May 2026 high. Below it, the bear range covers $0.02048-$0.03844, and the bull range runs $0.08727-$0.1591 up to the January 2026 high.

Twelve releases in 2027 add 642.5 million WAL. For WAL to end 2027 at its mid-October price, its market value would have to grow 28.64% from the mid-October level.

WAL Price Prediction 2028

Our Walrus token price prediction for 2028 widens the base case to $0.04371-$0.1591, from the 200-day average to the January 2026 high. Its bear range is $0.02048-$0.04372.

The bull range runs $0.1590-$0.1821 and stops at the intraday high WAL printed on 9 January 2026 on CoinMarketCap. WAL's record holds a single decline and no completed cycle, so it offers no measured expansion to project a bull case past that print.

The May 2025 record stays out of every range, because at 19 times the mid-October close it belongs to WAL's listing-year market. 2028 is also the last full year of the 53.5 million monthly release, since contributor vesting ends in March 2029.

Walrus Price Prediction 2030

For 2030 our base case runs $0.08727-$0.1591, from the May 2026 high to the January 2026 high, and 2029 shares it. Both years keep a bear range of $0.02048-$0.03844 and a bull range of $0.1590-$0.1821.

This is where the calendar bites.

At the end-2030 count of 4.589 billion WAL, the base case needs a market value between $400.5 million and $730.1 million, which is 3.98 to 7.26 times the mid-October value. The top of the bull range needs $835.4 million, 8.30 times.

What About 2035 and 2040?

No range on this page goes past 2030. For later years the useful figure is the yearly rise a target would need from the mid-October close, measured to the end of 2035 and to the end of 2040.

Supply makes the last row harder than it looks. The schedule releases the last of the 5 billion WAL in March 2033, so $1 a token means a $5.0 billion market value, 49.7 times the mid-October figure.

What Could Drive WAL Higher or Lower?

• The unlock steps. The monthly release falls to about 32.7 million WAL once contributor vesting ends in March 2029, and to 22.7 million when subsidies run out around April 2029. After Mysten Labs' tranche ends in March 2030, only the community reserve's 15.2 million a month remains, through March 2033.

• Storage demand. WAL's first job is paying for storage, so growth in paid storage feeds straight into demand for the token. Walrus Console arrived in early October 2026 with managed storage through an API key, a direct route to paying users.

• USD pricing paid in WAL. Since May 2026 Walrus has priced storage at $0.023 per GB a month and still collects it in WAL, adjusting the amount as the token moves. A cheaper WAL means more tokens for each gigabyte, so storage spending turns into WAL demand at a fixed dollar rate.

What Are the Risks of Investing in WAL?

• New supply every month. At the mid-October close each monthly release is worth about $2.06 million, and it arrives on schedule whatever the price does. If you hold WAL until March 2029, you're relying on fresh demand of that size every month just to keep the price flat.

• A reserve run by one body. The Walrus Foundation administers the 43% community reserve, and it keeps releasing until March 2033. How the Foundation spends those tokens on grants and incentives shapes how much new WAL reaches buyers.

• A record of one decline. WAL's 566 daily closes cover a single fall from its May 2025 record to its August 2026 low. No completed cycle shows how the token behaves in a recovery, so every long-range bound here comes from that one decline.

• A shared ticker. WAL is also the NYSE ticker of Western Alliance Bancorporation, and other Sui tokens use the Walrus name. Price pages and alerts can mix them up, so check the coin type before you act on any WAL quote.

Is Walrus Crypto a Good Investment?

Walrus crypto is a high-risk bet that storage demand can outgrow a fixed release calendar. The rebound from August shows buyers will step in, but it stopped short of the 200-day average, the line every WAL rally has failed at so far.

We'd want two things before treating WAL as more than a trade. The first is a run of closes above $0.04372, the 200-day average. The second is proof that paid storage grows fast enough to absorb about 2% more WAL a month. Neither was in place at the mid-October close. Until both arrive, the release calendar sets the tone for the price.

Walrus runs on Sui, and our Sui price prediction for 2026 to 2031 sets out the case for the chain's own token.

How to Get Exposure to Walrus

Phemex delisted its WAL pairs, so there is no live perpetual or spot market for WAL on Phemex. The token itself trades on Sui.

1. Confirm that you're looking at the Walrus token on Sui, whose package ID the Walrus docs list.

2. Buy WAL on Sui for direct exposure, with a Sui wallet and SUI for gas. Phemex Academy's Walrus explainer walks through the steps on a Sui decentralized exchange.

3. Use Phemex futures for wider crypto exposure, since its futures markets open on Bitcoin and carry no WAL contract. Futures use leverage, and a leveraged position is closed automatically if losses reach its margin.

Frequently Asked Questions

Is Walrus crypto a good investment?

WAL is a high-risk token with a heavy supply calendar. About 53.5 million new WAL enters circulation each month until March 2029, and the price has never closed above its 200-day average. A close above $0.04372 would be the first sign that buyers are absorbing the new supply.

Is Walrus coin a good investment?

As a hold, WAL has a poor record. Its mid-October 2026 close of $0.03844 was 94.74% below its May 2025 record close, even after an 87.65% climb from the August 2026 low. The 2030 base case needs a market value four to seven times larger.

What is the Walrus price prediction for 2026?

For 2026 the base case is $0.04371-$0.08728, from the 200-day average to the May 2026 high close. The bear range reaches down to the August 2026 low of $0.02048, and the bull range tops out at the January 2026 high of $0.1591.

What is the Walrus price prediction for 2030?

The 2030 base case is $0.08727-$0.1591, built on WAL's May 2026 and January 2026 closing highs. The bear range is $0.02048-$0.03844. The bull range ends at $0.1821, just above WAL's January 2026 intraday high of $0.18204, because it has no completed cycle to scale from.

Can Walrus reach $1?

Reaching $1 would take a 26-fold rise from the mid-October 2026 close of $0.03844. Once the schedule finishes in March 2033 the full 5 billion WAL circulate, so $1 implies a $5 billion market value, about 50 times WAL's mid-October value.

Bottom Line

WAL's supply problem is front-loaded. About 71% of the 1.97 billion new WAL due by the end of 2030 arrives by the end of 2028, so the heaviest dilution lands in the same stretch where WAL has to prove its recovery.

The calendar only turns in WAL's favour after March 2029, when the monthly release starts falling toward 15.2 million. A WAL that still trades above its August 2026 low at the end of 2028 will have carried the heaviest part of its schedule without breaking.

Disclaimer: This article is for informational purposes only and is not financial advice. Cryptocurrency trading involves substantial risk. Always do your own research before making investment decisions.